Here’s what the $10M-$20M investment-sales market looked like last week

Jews for Jesus acquires West Village resi building, Chinese crowdfunding platform iCross Fund buys LIC industrial property

New York /
Sep.September 25, 2018 07:00 AM

45-47 8th Street

In the world of mid-market New York City investment sales last week, religious organization Jews for Jesus acquired a West Village residential building and Chinese crowdfunding platform iCross Fund bought a Long Island City industrial property.

1.) Jews for Jesus bought a five-story apartment building in the West Village for $16 million. The property, at 45-47 8th Street, is a 17,000-square-foot building with 12 apartments, city records show. The seller is landlord Soonbin Kim, who bought the property for $7.2 million in 2007.

2.) Chinese crowdfunding platform iCross Fund bought 28-08 38th Avenue, a three-story industrial building in Long Island City, for $10.3 million. The seller is Munder Realty Corporation. ICross is planning to build condos at the site. Marcus & Millichap’s Jonathan Eshaghian and Jakub Nowak brokered the deal.

3.) Todd Cohen and Terrence Lowenberg’s Icon Realty Management bought a four-story residential property in the East Village for $10.4 million. The property, at 21-23 Avenue B, contains 12 apartments and four commercial units. The seller is 21-23 Ave. B, LLC, which is controlled by Andrew Chang.


Related Articles

arrow_forward_ios
With a cooling trade war, stocks perform well, including real estate. (Credit: iStock)
Real estate stocks push up this week as U.S.-China trade tensions ease
Real estate stocks push up this week as U.S.-China trade tensions ease
416 West 25th Street and Maverick Real Estate Partners principal David Aviram (Credit: Google Maps and LinkedIn)
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
Chelsea landlord claims “predatory” lender is charging a crippling interest rate as punishment after losing foreclosure case
(Getty; Illustration by The Real Deal)
Luxury amenities are coming to a home near you
Luxury amenities are coming to a home near you
Terra Capital's Vik Uppal, RedSky's Benjamin Bernstein with 658 Driggs Avenue and 625 Driggs Avenue (Terra, ICSC, StreetEasy)
RedSky founders accused of failing to repay bailout
RedSky founders accused of failing to repay bailout
A photo illustration of Related Companies' Jeff Blau (Getty)
Related proposes 1,500-room resort in Hudson Yards casino bid
Related proposes 1,500-room resort in Hudson Yards casino bid
Jared Kushner and 666 Fifth Avenue (Getty, David Shankbone, CC BY 2.5 - via Wikimedia Commons)
Congress probes Jared Kushner’s dealings amid 666 Fifth Avenue sale
Congress probes Jared Kushner’s dealings amid 666 Fifth Avenue sale
Arthur Zeckendorf and Gary Barnett with 1289 Lexington and Central Park Tower (Terra holdings, Getty, RODE, Central Park Tower)
The bargain hunters: Buyers target cheaper new development units
The bargain hunters: Buyers target cheaper new development units
Gary Barnett with Central Park Tower (Getty)
Central Park Tower condo sells for $20M off asking
Central Park Tower condo sells for $20M off asking
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...